Shares Follow Brazil's Dive

Updated Nov. 12, 1998 6:49 p.m. ET

BUENOS AIRES -- Stocks tumbled Thursday, weighed down by local profit-taking in the wake of Brazil's plunge.

The Merval Index tumbled 13.44, or 2.8%, to 464.09. On Monday, the Merval plummeted 4.5%, before rebounding a combined 1.3% over the next two sessions. The broad General Index surrendered 534.88, or 2.8%, to 18319.76.